LBI Capital Correlations
| 8494 Stock | 0.43 0.05 10.42% |
The current 90-days correlation between LBI Capital Bhd and Silver Ridge Holdings is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LBI Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LBI Capital Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
LBI Capital Correlation With Market
Weak diversification
The correlation between LBI Capital Bhd and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LBI Capital Bhd and DJI in the same portfolio, assuming nothing else is changed.
LBI |
The ability to find closely correlated positions to LBI Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LBI Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LBI Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LBI Capital Bhd to buy it.
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between LBI Stock performing well and LBI Capital Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze LBI Capital's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0129 | 2.06 | 0.68 | 0.15 | 1.96 | 2.24 | 5.13 | 13.10 | |||
| 0190 | 1.90 | (0.43) | 0.00 | (0.27) | 0.00 | 5.88 | 16.99 | |||
| 5305 | 1.58 | (0.35) | 0.00 | (1.38) | 0.00 | 4.00 | 8.17 | |||
| 0100 | 2.34 | (0.26) | 0.00 | 0.66 | 0.00 | 7.14 | 20.00 | |||
| 1066 | 0.65 | 0.17 | 0.06 | 1.90 | 0.51 | 1.65 | 5.88 | |||
| 0146 | 1.61 | (0.53) | 0.00 | (0.72) | 0.00 | 3.23 | 13.35 | |||
| 0091 | 2.05 | 0.29 | (0.01) | (0.04) | 2.93 | 8.33 | 17.42 |
LBI Capital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with LBI Capital stock to make a market-neutral strategy. Peer analysis of LBI Capital could also be used in its relative valuation, which is a method of valuing LBI Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |